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A massive $8.8 billion in catastrophe bonds and insurance linked securities (ILS) made last year the market’s busiest on record.
And — at the end of the year — the outstanding sum in the sector was more than $25 billion.
The news came in the review o...
DATE: Jan 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
There was very little activity on The Royal Gazette/BSX Index, with only 4,500 shares of Butterfield Bank being traded today. The bank’s shares lost one cent (-0.5 per cent) to close at $1.99.
The Index closed down 4.72 points (-0.35 per cent) at 1,3...
DATE: Jan 05, 2015
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CATEGORY:
Bermuda Stock Exchange
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Dear Dave,
My husband and I are debt-free except for our home, and we have about $100,000 in savings. Recently, one of our daughters was diagnosed with Crohn’s disease. We’re worried about this, and the fact that she and her sister are both teenage ...
DATE: Jan 03, 2015
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CATEGORY:
Other
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Bermuda goes into 2015 with better economic growth prospects than at any time since the global financial crisis struck six years ago.
After a grim period marked by job losses, wage cuts and freezes, business closures, a severe property market slump, ...
DATE: Jan 02, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Prices for some reinsurance policies have plummeted to their lowest for nearly 25 years, according to a global brokers.
Areas like UK property catastrophe reinsurance are priced around the same as they were in the 1990s.
And a third straight year of ...
DATE: Jan 02, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/BSX Index finished flat on the final trading day of the year.
The index closed unchanged at 1,357.12, with just under 26,000 shares changing hands on Wednesday. A total of 4,500 shares of Ascendant Group were traded, but there was n...
DATE: Jan 02, 2015
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CATEGORY:
Bermuda Stock Exchange
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The world’s largest reinsurer, Munich Re, has added another Bermuda sidecar to its roster after $75 million of participating notes from a special purpose insurer called Eden Re I was listed.
The move follows a similar $290 million Eden Re II Ltd vehi...
DATE: Jan 02, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
It was a quiet day on The Royal Gazette/BSX Index, with only one stock being traded. The index closed at 1,357.71, up 0.58 (0.04 per cent).
The only activity was the trading of 1,200 shares in Bermuda Press (Holdings) Ltd, the parent company of this ...
DATE: Jan 02, 2015
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CATEGORY:
Bermuda Stock Exchange
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Christmas brought some cheer to the struggling retail sector, store chiefs said yesterday.
But festive season sales may have come at the cost of deep discounts to get customers through the doors.
Brown & Co general manager Nicole Warren said: “Spendi...
DATE: Dec 31, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda businessman has taken on Cuba with a range of Bermuda hand-rolled cigars.
Now Grant Kennedy — who learned the painstaking art of cigar rolling from an expert who worked at the world-famous Romeo y Julieta factory in Cuba — has launched a ra...
DATE: Dec 31, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
